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#11
03-03-2011, 05:38 AM
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It wouldn't matter if the consignor received full hammer and the BP was 20%, or if the BP was waived and the consignor received 80% of hammer. The lot would still sell for the same amount, the seller would still receive the same amount, and the auction house would still get its 20% (I know there is a fraction of a point difference but that is just a technical point).
I think complaints about the BP are pointless. An auction house has expenses and needs to make a profit. Last edited by barrysloate; 03-03-2011 at 05:39 AM. 
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